Coca-Cola Earnings: Revenue SURGES

S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) reported its results for the second quarter. Coca-Cola is a leading manufacturer of nonalcoholic beverage concentrates and syrups.

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The Coca-Cola Company Earnings Cheat Sheet

Results: Net income for The Coca-Cola Company fell to $2.79 billion ($1.21 per share) vs. $2.8 billion ($1.20 per share) a year earlier. This is a decline of 0.3% from the year-earlier quarter.

Revenue: Rose 2.8% to $13.09 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Coca-Cola Company beat the mean analyst estimate of $1.19 per share. Analysts were expecting revenue of $12.98 billion.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has increased for four consecutive quarters. Revenue increased 5.9% to $11.14 billion in the first quarter. The figure rose 5.2% in the fourth quarter of the last fiscal year from the year earlier and climbed 45.4% in the third quarter of the last fiscal year from the year-ago quarter.

Net income has dropped 7.5% year-over-year on average across the last five quarters. Performance was hurt by a 71.3% decline in the fourth quarter of the last fiscal year from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from $1.10 a share to $1.09 over the last ninety days. Over the past sixty days, the average estimate for the fiscal year has reached $4.07 abs per share, a decline from $4.09.

Competitors to Watch: PepsiCo, Inc., Dr Pepper Snapple Group Inc., Hansen Natural Corporation, Coca-Cola FEMSA, S.A.B. de C.V., Coca-Cola Enterprises Inc., Heckmann Corporation, National Beverage Corp., Jones Soda Co., Celsius Holdings, Inc., and Cott Corporation.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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